企业社会责任
激励
折旧(经济)
公司治理
业务
自然实验
溢出效应
竞赛(生物学)
市场化
公司所得税
股东
中国
货币经济学
公共经济学
会计
产业组织
经济
财务
市场经济
微观经济学
人力资本
避税
双重征税
生态学
法学
政治学
统计
数学
生物
资本形成
金融资本
标识
DOI:10.1016/j.jclepro.2022.135647
摘要
This paper aims to explain the causal relationship between accelerated depreciation policy (ADP), a worldwide used tax incentive, and corporate social responsibility (CSR) performance. We employ China's ADP as a quasi-natural experiment and use a difference-in-differences (DID) specification to explore the policy effects on CSR performance. Based on the data of China's A-share listed companies from 2010 to 2019, we find that ADP would increase CSR performance by easing corporate financing constraints and improving firm performance. Besides, the policy effects are more pronounced on firms facing stronger market competition and firms with better corporate governance. These results suggest that ADP can be an incentive for CSR engagement and highlight the significance of improving marketization to make tax policies effective.
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